On June 4, 2024, ICICI Lombard General Insurance Company Limited informed in a stock exchange filing that the company had acquired equity shares in Axis Bank Limited. The cost of acquisition for the shares was ₹1.61 billion prior to the date of acquisition, with a cumulative total of ₹1.73 billion up to the acquisition date. …
On June 4, 2024, S H Kelkar and Company Limited informed in a stock exchange filing that the company’s wholly-owned subsidiary, Keva Europe B.V., has incorporated a company in Germany. The newly incorporated company, namely Keva Germany GmbH, is the wholly owned subsidiary of Keva Europe B.V., and it has been registered in the German …
Wipro Limited, a leading global technology services and consulting company, has announced a strategic partnership with Zscaler to introduce Wipro Cyber X-Ray. This innovative platform leverages AI to empower enterprise Chief Experience Officers (CXOs) with critical decision-support capabilities in the realm of cybersecurity. Security leaders across various organisations often face a significant challenge: gaining comprehensive …
Container Corporation of India Ltd (CONCOR) and Shipping Corporation of India Ltd (SCI) signed a Memorandum of Understanding (MoU) in the presence of senior officials from both organisations. This strategic partnership aims to leverage the combined strengths of CONCOR and SCI to offer customers a comprehensive and cost-effective logistics experience. Industry Leaders Unite CONCOR is …
LTIMindtree, a leading global technology consulting and digital solutions company, has announced a significant expansion of its partnership with SAP, the world’s premier provider of enterprise application software. This strategic alliance is designed to empower complex manufacturers with innovative solutions that address their industry’s unique challenges. Tailored Solutions for a Competitive Landscape Today’s complex manufacturing …
On June 4, 2024, Nuvama Wealth Management Limited (formerly Edelweiss Securities Limited) established a wholly-owned subsidiary named Nuvama Wealth Management (DIFC) Limited in Dubai. The target entity, Nuvama Wealth Management (DIFC) Limited (“Nuvama DIFC”), was incorporated on June 4, 2024, as a wholly owned subsidiary of the Company. It has an authorised capital of 10,00,000 …
Lupin and Maruti Suzuki India are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 1,624 and Rs 12,529 respectively, their price aligns with positive signals from technical indicators like …
Cintra is a worldwide leader in developing and managing highways and transportation infrastructure. It ensures the highest efficiency in the construction, improvement, maintenance, and management of road infrastructure to ensure the highest safety levels and customer satisfaction. Its parent organization, Ferrovial Group, is a global developer of transport infrastructure, mobility solutions, and engineering and is …
Tata Motors Limited(TML) is a multinational automotive company under the Tata Group. For FY24, Tata Motors Limited issued a revenue of Rs. 437,928 Crores and a PAT of Rs. 31,807C Crores. This marked a YoY increase of 26.6% and Rs.29,117 Crore respectively. Tata Motors Finance Limited (TMFL): TMFL is a Non-Banking Financial Company (NBFC) that …
Foreign Portfolio Investors turned to net sellers yesterday by selling stocks worth Rs.12,436 crores according to the National Stock Exchange data, This comes after rising volatility and uncertainty from the unexpected results of the seven-phased general elections. The selling also led the benchmark index NIFTY 50 to plunge by 5% yesterday recording its highest-ever in …
